Price Slashed-Affordable Accommodation Opportunity

86 West End offers a great accommodation opportunity to the market. Located in the heart of Kaikoura and boasting views across the Kaikoura coastline.
 
Located in immediate proximity to Kaikoura town centre offering a great mix of bars, restaurants, retail and service amenities. The property consists of 10 studio units and a managers residence previously providing 42 beds for the nearby Sudima new build.
 
The astute value added investor or occupier can reap immediate benefits from consented plans for a building extension, refer to Three Sixty Architecture plans within Property File. 
 
The building has been strengthened please refer engineering report within the dataroom. This prime accommodation asset sits on 503 sqm of freehold land.
 
The property has an approximate holding income of $94,000 gross income per annum ($200 - $220 per room per week). The property can be sold with vacant possession.
 
Act now to secure this superb Kaikoura asset.
 
For Sale by negotiation over $825,000 + GST (if any).
 
*Boundary lines are indicative only.

Features:
* Land area 503 sqm
* Floor area 420 sqm
* 10 rooms + Managers Residence
* Balcony with sea views
* Located in the heart of the Kaikoura township
* Accommodation opportunity
* Vacant possession available
* Available for immediate possession


Offers over - $825,000 + GST (if any)

More information: https://www.colliers.co.nz/p-NZL67026351

Agency reference #: NZL67026351